XML 81 R69.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACQUISITION (Details Textuals) - USD ($)
shares in Millions
3 Months Ended 12 Months Ended
Oct. 05, 2015
Oct. 05, 2015
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Nov. 05, 2015
Nov. 03, 2015
Oct. 01, 2015
Jun. 23, 2015
Mar. 26, 2015
Jun. 24, 2014
Jun. 23, 2014
Business Acquisition [Line Items]                                          
Business Combination, Acquisition Related Costs General     $ 10,200,000       $ 10,400,000         $ 76,300,000                  
Financing Fees             400,000         30,500,000                  
Change in Control Mandatory Acceleration of Expenses Under the Non-Qualified Pension Plan                       47,100,000                  
Sales     1,348,200,000 $ 1,267,400,000 $ 533,600,000 $ 535,400,000 518,000,000 $ 499,800,000 $ 593,600,000 $ 570,400,000 $ 577,400,000 2,854,400,000 $ 2,241,200,000 $ 2,515,000,000              
Net (loss) income     (55,400,000)       19,600,000         6,700,000 162,700,000 250,000,000              
Goodwill     $ 2,146,100,000 2,174,100,000     747,100,000 $ 747,100,000       2,174,100,000 $ 747,100,000 747,100,000              
Cash and Debt Distribution from Spinco $ 2,095,000,000 $ 2,095,000,000                                      
2023 Senior Notes 720,000,000 720,000,000                                      
2025 Senior Notes 500,000,000 500,000,000                                      
Delayed-Draw Term Loan Facility of Spinco                                   $ 1,050,000,000      
Delayed-Draw Term Loan Facility of Spinco, Amount Drawn 875,000,000 875,000,000                                      
Senior Credit Facility                                   1,850,000,000   $ 415,000,000  
Line of Credit Facility, Maximum Borrowing Capacity                                   500,000,000   $ 265,000,000 $ 265,000,000
Delayed-Draw Term Loan Facility, Maximum Borrowing Capacity                                   1,350,000,000      
Delayed-Draw Term Loan Facility, Amount Drawn 475,000,000 475,000,000                                      
Combined Senior Credit Facility 1,850,000,000 1,850,000,000   $ 1,850,000,000               1,850,000,000                  
Combined Delayed Draw Term Loan Facility Amount Drawn 1,350,000,000 1,350,000,000                                      
Subfacility of Senior Credit Facility                                   $ 100,000,000      
Annual Required Principal Payment (Percent) in Years 1 and 2                                   5.00%      
Annual Required Principal Payment (Percent) in Year 3                                   7.50%      
Annual Required Principal Payment (Percent) in Years 4 and 5                                   10.00%      
Sumitomo Credit Facility 600,000,000 600,000,000                                      
Sumitomo Credit Facility Amendment                               $ 200,000,000          
Sumitomo Credit Facility Amendment Borrowing                             $ 200,000,000            
Bridge Financing Commitments                                     $ 3,354,500,000    
Bridge Financing Amortized Debt Issuance Costs             $ 14,300,000         $ 30,000,000                  
Accrual for future payments 90,200,000 90,200,000                                      
Up-front payments under the ethylene agreements 433,500,000                                        
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Ethylene Asset $ 410,800,000 $ 410,800,000                                      
Common stock, authorized (in shares)     240.0 240.0 120.0   120.0 120.0       240.0 120.0       240.0        
DCP Business                                          
Business Acquisition [Line Items]                                          
Shares 87.5 87.5                                      
Percentage of Outstanding Common Stock Acquired by Third Party 53.00% 53.00%                                      
Percentage of Outstanding Common Stock Retained by Existing Stockholders 47.00% 47.00%                                      
Change in Control Mandatory Acceleration of Expenses Under the Non-Qualified Pension Plan                       $ 47,100,000                  
Sales             $ 1,439,000,000         5,681,800,000 $ 6,948,200,000                
Net (loss) income             (39,500,000)         (36,400,000) 2,400,000                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents $ 25,400,000 $ 25,400,000                                      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory 477,100,000 477,100,000                                      
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables 416,000,000 416,000,000                                      
Business Acquisition Contracted Receivables Acquired 420,600,000 420,600,000                                      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt 51,100,000 51,100,000                                      
Goodwill 1,398,700,000 1,398,700,000                                      
Business Acquisition, Goodwill, Expected Tax Deductible Amount 0 0                                      
Accrual for future payments 69,500,000 69,500,000                                      
Up-front payments under the ethylene agreements   433,500,000                                      
Pro Forma Adjustment For Acquisition Related Costs             10,400,000         47,000,000 4,200,000                
Pro Forma Adjustment For Fair Value Adjustment Inventory                       24,000,000                  
Epoxy Segment                                          
Business Acquisition [Line Items]                                          
Sales     $ 460,200,000       0         429,600,000 0 0              
Net (loss) income     8,200,000       0         (7,500,000) 0 0              
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest from DCP Business     8,200,000                                    
Goodwill     291,300,000 $ 296,600,000     0 $ 0       296,600,000 0 0              
Chlor Alkali Products and Vinyls Segment                                          
Business Acquisition [Line Items]                                          
Sales     704,300,000       339,300,000         1,713,400,000 1,502,800,000 1,737,400,000              
Net (loss) income     68,100,000       24,100,000         115,500,000 130,100,000 213,500,000              
Revenue, Net from DCP Business     395,900,000                 373,000,000                  
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest from DCP Business     56,300,000                 37,200,000                  
Goodwill     1,854,800,000 $ 1,877,500,000     $ 747,100,000 $ 747,100,000       $ 1,877,500,000 $ 747,100,000 $ 747,100,000              
2023 Notes                                          
Business Acquisition [Line Items]                                          
2023 Senior Notes $ 720,000,000 $ 720,000,000                                      
Interest rate 9.75% 9.75%   9.75%       0.00%       9.75% 0.00%                
2025 Notes                                          
Business Acquisition [Line Items]                                          
2025 Senior Notes $ 500,000,000 $ 500,000,000                                      
Interest rate 10.00% 10.00%   10.00%       0.00%       10.00% 0.00%                
Minimum                                          
Business Acquisition [Line Items]                                          
Q4 2017 Supply Contract Payment                       $ 230,000,000                  
Q4 2020 Supply Contract Payment                       425,000,000                  
2017 Supply Contract Payment     205,000,000                                    
2020 Supply Contract Payment     425,000,000                                    
Maximum                                          
Business Acquisition [Line Items]                                          
Q4 2017 Supply Contract Payment                       250,000,000                  
Q4 2020 Supply Contract Payment                       $ 465,000,000                  
2017 Supply Contract Payment     215,000,000                                    
2020 Supply Contract Payment     $ 465,000,000                                    
Initial Valuation [Member] | DCP Business                                          
Business Acquisition [Line Items]                                          
Shares 87.5                                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory $ 477,100,000 $ 477,100,000                                      
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables 418,900,000 418,900,000                                      
Business Acquisition Contracted Receivables Acquired 423,500,000 423,500,000                                      
Goodwill 1,427,500,000 1,427,500,000                                      
Accrual for future payments 90,200,000 $ 90,200,000                                      
Up-front payments under the ethylene agreements $ 433,500,000